[All] Hydro One question for GREN
Louisette Lanteigne
butterflybluelu at rogers.com
Sat Jun 6 14:31:02 EDT 2015
Hi Gren folks
I have the chance to meet with Andrea Horwath and Catherine Fife on Tuesday to discuss the sale of Hydro One.
Does GREN have a position on this matter? If so I can relay a document on our behalf.
The primary concern I have personally is that in Canada, divesting is tricky because most major Green Infrastructure projects are actually being funded by Big Oil. Enbridge, TransCanada etc. Here is a CBC story about this:http://www.cbc.ca/news/canada/calgary/difficult-to-invest-in-green-energy-in-canada-without-big-oil-1.3100233
Big oil can move their funds from green funds to oil ventures. Ontario Hydro makes 6 billion in tax revenues. Currently it is sustainable energy but the Liberals want to sell of 60% of it and they are keeping the deal secret. We need to speak up on this one.
Lulu
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